Quote:
Originally Posted by Unregistered
This may not be much of a consolation, but the median monthly income in 2011 is around $3k, according to the MOM report on wages in 2012 (the 2013 report is not out yet). So at least half the people in Singapore are earning less than you. The posters in this forum are not representative of what most people earn. Unfortunately, I don't have any specific advice to dispense. Maybe upgrade to a 5-room flat if you can afford to, and rent out a room for pocket money and to accummulate more savings. |
$3K monthly income may be the median but according to the latest report, the per capita income in Singapore is $65K pa. Quote from the report :-
"Singapore has one of the highest concentrations of millionaires relative to its population, but the city-state's per capita income of more than S$65,000 in 2012 masks a sharp income gap between the richest and poorest"
Per capita income mean income per person. So for a family of 4, that implies a household income of $260K pa.